Page 4 - Sbi

Targeted flows, not swap cost, drove early FCNR (B) closure: SBI Research

The cost of FCNR (B) swaps is unlikely to have been a constraining factor for the Reserve Bank of India's (RBI) decision to close the special swap facility ahead of schedule, according to a report. SBI Research, in its report Ecowrap, estimated that the cumulative hedging cost could amount to around USD 10.5 billion over five years. On August 14, the central bank decided to close the window for fresh FCNR(B) deposits under the special swap facility on August 31, one month ahead of the scheduled September 30 closure. SBI Research said the potential FCNR(B) mobilisation of USD 65-70 billion, combined with an average USD/INR hedging cost of around 3 per cent per annum, implies an annual notional hedging cost of about USD 2.1 billion on a USD 70 billion corpus. If this cost were to remain at 3 per cent over the five-year maturity of the deposits, the cumulative cost would amount to around 15 per cent of the corpus, or USD 10.5 billion, the report said. With current reserves at around

State Bank of India raises ₹500 mn through bonds from overseas investors

State Bank of India, acting through its London branch, has raised USD 500 million by issuing bonds at a coupon rate of 5.25 per cent. The 'Regulation S' bond is benchmarked against the 5-year US Treasury and priced at a spread of 88 bps over the benchmark, SBI said in a statement on Thursday. 'Regulation S' tagged instruments are exempt from registration requirements of the US Securities and Exchange Commission (SEC) and can be issued outside the United States. The bonds will be listed on SGX-ST, India INX and NSE-IX, it said. The transaction received an overwhelming response and saw strong interest from investors across geographies, with a peak order book of USD 2.46 billion with 145 investors. SBI Chairman CS Setty said, "The successful pricing of USD 500 million, during the ongoing global uncertainties, is a testament to the strong appetite for bonds of SBI and to the diversified investor base the Bank has in offshore capital markets, allowing it to efficiently raise funds from

SBI used AI to underwrite nearly ₹1 trillion MSME loans in FY26: Amara

The lender uses GST, account, bureau and other data in its AI-backed underwriting engine, while deploying the technology in fraud detection, customer care and cheque processing

SBI may tap overseas bond market again depending on liquidity needs

The lender raised $500 million through five-year dollar bonds at 88 bps over US Treasuries and could return to the overseas market depending on its funding and liquidity needs

SBI uses AI to underwrite nearly ₹1 trillion in MSME loans in FY26

The country's largest lender, State Bank of India (SBI), used artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans of up to Rs 5 crore each during 2025-26, a senior bank official said on Wednesday. "In FY26, in 12 months time, we are able to underwrite loans up to Rs 5 crore, both covering the new-to-bank customers, as well as existing customers. Almost Rs 1 lakh crore we were able to underwrite," SBI Managing Director Rama Mohan Rao Amara said at the annual FIBAC event here. He added that the bank is also deploying artificial intelligence, including Large Language Models (LLMs), to automate processing of cheques up to Rs 10,000. The use of AI has helped free up the bandwidth of relationship managers, who earlier spent considerable time collecting data and carrying out preliminary analysis, the official said. Cheques of up to Rs 10,000 account for around 25 per cent of the bank's cheque volumes, and the AI model can read the cheque and verify mandatory fields

State Bank of India set to raise funds through 5-year dollar bond

SBI plans to raise funds through five-year dollar bonds, with the final issue size hinging on its ability to compress the initial pricing guidance

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

India's Q1 FY27 GDP growth projected at 8%, says SBI Research report

SBI's nowcasting model showed 86 per cent of 54 high-frequency indicators accelerating in Q1FY27, while government capital expenditure remained supportive in the quarter

AI's next banking frontier is rural India, small businesses: SBI Chairman

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

SBI dips 1.5% despite all-round Q1 beat: Opportunity to buy PSU stock?

SBI Share: Analysts largely maintained bullish views on SBI shares following the Q1 results, foreseeing a 22 per cent upside from last closing price.

Mcap of 4 of top-10 most valued firms jumps ₹1.43 trn, SBI biggest winner

The combined market valuation of four of the top-10 most valued firms jumped Rs 1.43 lakh crore last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of Rs 1.23 lakh crore from their valuation. State Bank of India added Rs ...

SBI net profit rises 10% to ₹21,121 crore in Q1 on strong loan growth

Bank looks to mobilise $10 billion via FCNR (B) deposits

We have definitely missed the payments bus, says SBI Chairman Setty

SBI's YONO Pay is gaining traction among the bank's customers, but its volumes remain far behind market leaders PhonePe and Google Pay, which dominate UPI transactions

SBI Clerk notification 2026 released for 1,538 posts on official website

SBI has launched a dedicated recruitment drive for Junior Associates for 1,538 backlog vacancies in specialised categories. Online applications are open from today, Aug 7, till Aug 27, 2026

SBI Q1 results: Net profit rises 10.2% to ₹21,121 cr, income at ₹1.43 trn

The country's largest lender, State Bank of India (SBI) on Friday posted 13.73 per cent rise in its June quarter consolidated net profit at Rs 24,113 crore. The bank had logged a net profit of Rs 21,201.47 crore in the year-ago period and Rs 19,642.87 crore in the preceding March quarter. On a standalone basis, the bank's net profit grew 10.23 per cent on-year to Rs 21,121.22 crore as against Rs 19,160.44 crore in April-June 2025, a regulatory filing said. Total income rose to Rs 1.43 lakh crore from Rs 1.35 lakh crore a year ago, while total expenditure was up at Rs 1.10 lakh crore from Rs 1.04 lakh crore. Provisions for non-performing assets reduced to Rs 3,359 crore in June quarter from Rs 4,934 crore a year ago, but were higher than Rs 3,140 crore in the quarter-ago period. Gross non-performing assets ratio improved to 1.47 per cent as on June 30, 2026 from 1.49 per cent at March-end and 1.83 per cent a year ago. The bank's overall capital adequacy ratio stood at 15.67 per c

SBI shares gain 3.5% as Q1 profit jumps 10% to ₹21,121 crore, NII up 15%

SBI has reported a standalone net profit of ₹21,121 crore in Q1FY27, up 10 per cent from ₹19,160 crore posted in the same quarter a year ago.

Q1 results: SBI, Hindalco, Titan Company, BEML, and 202 more on Aug 7

Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today

Stocks to watch: SBI, Titan, LIC, Reliance Power, Swan Defence & Britannia

SBI, Titan Company, Hindalco, Power Finance, Oil India and Cupid among firms slated to post their June quarter results.

SBI Q1 Results Preview: Profit may fall 6-10%; NIMs to recover marginally

Analysts said that comments on NIM recovery, the impact of ECL transition, and mobilisation of FCNR deposits for the quarter are the key monitorables that investors must track in SBI's Q1 results.

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

The currency had declined to a record low in May but has steadied after the measures were announced in June